6 4 billion dollar

Park Kiara, situated inside the mega township of Park City at the heart of Ha Dong District and developed by Malaysia’s top developer, Park City, is not only self-sustaining but also tailored with top-notch amenities and close to an MRT station, the BRT bus system, international schools, and AEON Mall. … [Read more...] about Billion dollar developments spur Ha Dong growth

Last Sunday, the first smart city project in Hanoi, carried out by Japan’s Sumitomo and Vietnam’s BRG Group, was officially inaugurated on an area of 330 hectares. So far, 33 cities and provinces around Vietnam have implemented smart city initiatives. Ho Chi Minh City and Hanoi are set to become sustainable cities of the future. As part of the government target which aims to make Ho Chi Minh City the first smart city in Vietnam by 2020 and Hanoi by 2030, billion-dollar mega projects are currently underway to build smart cities. Over the years, urbanisation has been a drive for national socio-economic development. The whole country has more than 830 urban areas and the national urbanisation rate has reached 38.6 per cent. The average economic growth in urban areas is 12-15 per cent, 1.5 to two times higher than the national rate. Urban areas have been the centres of socio-economic activities, innovation, education, scientific and technological research, production, trade … [Read more...] about Big expectations for Vietnam in sustainable smart city development

Tai Hui, head of the Standard Chartered Bank’s Asian research department, says that there are two factors that put pressure on the devaluation of the VND. First, the increase in the price of gold makes local investors pay more attention to gold than the Vietnamese currency. Second, the trade deficit may reach more than US$2 billion a month. Although this level is lower than in the first half of 2008 (about US$2.5-3 billion), it has raised great concern about the balance of payment, especially when FDI and overseas remittances are forecast to increase slightly. … [Read more...] about Increase basic interest rate – a good therapy for national economy

In the list of 154 models subject to registration fee adjustment under Decision No.452/QD-BTC effective from April 3 on adjusting registration fees for automobiles and motorbikes, registration fees for passenger cars or cars with less than nine seats were 12 per cent in eight provinces and cities (Hanoi, Quang Ninh, Haiphong, Lao Cai, Cao Bang, Lang Son, Son La, and Can Tho), while it is 11 per cent in Ha Tinh and 10 per cent in Ho Chi Minh City, Danang, and other cities. The charge is now 7.2 per cent for a pickup truck in the first group of cities/provinces, 6.6 per cent in Ha Tinh, and 6 per cent in other cities. … [Read more...] about BUSINESS NEWS HEADLINES MAY 30